EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline downwards
A bearish movement down to the next support line at 1.17651 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.18481 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochRSI Hidden Bearish Divergence’. chart scenario.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.187 |
| 2nd High | 1.18571 |
| Next High | 1.18481 |
| Current Price | 1.17804 |
| Next Low | 1.17651 |
| 2nd Low | 1.17279 |
| 3rd Low | 1.16837 |
1.18481 – 1.18571 – 1.18494 – 1.17844 – 1.17815 – 1.18281 —
1.17978 – 1.17945 —
48.430954149463 – 40.807753245288 —
– —
1.18481 – 1771426800
Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –